Announced Mon, 3 Aug, 2026 · 19:38 IST
Promoter Radha Krishna Avudari acquires 18.64% stake via preferential allotment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Promoter Radha Krishna Avudari acquired 29,86,248 equity shares and 22 lakh warrants of Midland Polymers via preferential allotment on 30 July 2026, on a cash and swap basis. Post-acquisition, his holding stands at 18.64% of total share capital and 20.65% on a diluted basis (including warrants). Disclosure filed under SEBI Takeover Regulations, Reg 29(1).
Likely market impact
Promoter buying in signals confidence; large stake addition strengthens promoter control. Watch for any open offer trigger and further disclosures.